Enjin (ENJ), ICON (ICX) Lands Price-Boosting Listing on Binance.US

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Altcoins
Enjin (ENJ), ICON (ICX) Lands Price-Boosting Listing on Binance.US

In a blog post published on December 12, 2019, Binance cryptocurrency exchange’s U.S. arm – Binance.US – announced that it will be listing Enjin (ENJ) and ICON (ICX) digital tokens.

Binance.US Adds ENJ and ICX Support

Binance.US, the U.S.-centric arm of Maltese crypto exchange Binance now allows its users to trade ENJ and ICX digital currencies. According to the official announcement, Binance.US customers will be able to trade ENJ/USD and ICX/USD trading pairs from December 12, 2019, 9:00 pm EST / 6:00 pm PST onwards.

Price Reaction

Bagging a listing on a major cryptocurrency exchange typically follows a steep surge in the price of the concerned digital token. It is pretty much the same story with Binance.US as at the time of writing, ENJ trades at $0.083 – up by 7.65% percent in the 24-hour trading period with a total market cap of slightly above $65 million.

It’s worth noting that Enjin’s Binance.US listing comes shortly after it secured a high-profile partnership with a major tech titan in Microsoft. BTCManager reported on December 5, 2019, how Enjin had joined forces with Microsoft to launch a blockchain-based recognition project.

In the same vein, at press time, according to CoinMarketCap data, ICX trades at $0.132 – up by 5.39% in the 24-hour trading period with a total market cap of slightly above $67 million.

For the uninitiated, ICON is a South Korea-based project that aspires to build a decentralized global network that enables different blockchains to transact with one another. Potential use cases for ICX include transactions involving securities, currencies, loans, intellectual property, and personal authentication, the project’s CoinMarketCap description reads.

Binance.US Expanding it’s Crypto Catalogue

Launched earlier this year, Binance.US is steadily adding support for cryptocurrency projects it believes hold potential to break the ceiling. On November 8, 2019, the exchange had announced that it would be adding support for supply chain-focused distributed ledger technology (DLT) project VeChain (VET).

Similarly, just a week later, the U.S. arm of Binance exchange introduced trading support for Proof-of-Stake protocol cryptocurrency Qtum (QTUM).

For the uninitiated, Qtum is one of the fastest emerging smart contract blockchain platforms that’s built on Bitcoin’s (BTC) UTXO transaction model.

Aisshwarya Tiwari

Aisshwarya is currently working as the Chief Editor at crypto.news and holds more than 4 years of experience in the digital assets industry. He holds an undergraduate degree in Commerce with Honours and a post-graduate diploma in Liberal Studies. Before entering the crypto industry, Aisshwarya worked as an SAP Consultant for a global IT firm. He also cleared the CFA Level 1 exam before pivoting to the crypto industry due to its novel and exciting propositions.